American Power Corp. Pace Coal Project Drilling Update

American Power Corp. (OTCBB:AMPW) announced updated progress on the Montana-based Pace Coal Project.

As quoted in the press release:

As of October 14, 2011, the Company had completed 6,655 feet of drilling on 9 out of 10 drill locations corresponding to Phase I of its coal exploration program. Only one location planned for testing of coalbed methane in Phase I had been postponed until the start of Phase III. With regard to Phase II, the Company had completed 2,844 feet of drilling on 5 drill locations.

American Power’s President and CEO,  Al Valencia said:

“We decided to move forward with Phase II of the exploration program after obtaining encouraging preliminary results during Phase I, which showed a coal thickness ranging between 10 and 12 feet in the eastern section of our main area of operations.”

Click here to read the American Power Corp. (OTCBB:AMPW) press release.